LyondellBasell price target raised to $52 from $50 at BofA

BofA raised the firm’s price target on LyondellBasell (LYB) to $52 from $50 and keeps a Neutral rating on the shares. Lyondell delivered a Q3 earnings beat and its Q4 outlook points to earnings above the firm’s “bearish forecast,” the analyst tells investors. The firm continues to see elevated chances of a dividend cut in 2026, but is balancing the continued tough earnings outlook and dividend risk against a relatively low valuation, the analyst added.